Phoenix of Hamble
Well-Known Member
the private owners are the shareholders!!!!!!!!!!
Fairline batten down the hatches
- Thread starter rubberduck
- Start date
jfm
Well-Known Member
I was owned very privately, by S African Graham Beck. It is now owned by an investment fund spnsored and managed by LVMH which owns own several luxury brands including a stake in Van Lent. The investors behind this fund are many, institutions and others, so they're the ultimate shareholders in Princess. But they're "silent partners" in the fund and the de facto shareholder is the LVMH management team
gjgm
Well-Known Member
problem is Mike, boats arent investments, and perhaps many of us fiddle the numbers to make it look good anyway! Whether its 1pct or 2pct.. well, does it matter? Wouldnt you rather be out on the water than grinning about your extra 0.5pct...
While I would broadly agree that confidence is the key, I think its hard to generalise. People have different approaches to risk, and to debt. For those who might formerly have been dreaming of upgrading their boat, it all has now got cheaper, and I suspect this is a good time both with winter and and a good choice.
For those who conclude they cant afford or justify the cost, of course it isnt so rosy. Maybe it depends on how short term you fund your boat. Those who run it on a monthly outgoing might have a very different perspective to those who take a several year view.
It will be interesting to see what happens to marina fees. While, as a % of boat value, the larger the boat, the more palatable it becomes, its also very expensive for lower value, smaller boats. I wonder if we will see a change in pricing structure.
While I would broadly agree that confidence is the key, I think its hard to generalise. People have different approaches to risk, and to debt. For those who might formerly have been dreaming of upgrading their boat, it all has now got cheaper, and I suspect this is a good time both with winter and and a good choice.
For those who conclude they cant afford or justify the cost, of course it isnt so rosy. Maybe it depends on how short term you fund your boat. Those who run it on a monthly outgoing might have a very different perspective to those who take a several year view.
It will be interesting to see what happens to marina fees. While, as a % of boat value, the larger the boat, the more palatable it becomes, its also very expensive for lower value, smaller boats. I wonder if we will see a change in pricing structure.